BusinessDaily (July 3, 2013)

Page 1

BusinessDaily CREDIBLE

Volume III, No. 248

RELIABLE

Cagayan de Oro City

IN-DEPTH

Wednesday

P15.00

July 3, 2013

CDO officials to make X X city climate-resilient Briefly N

Market Indicators As of 5:47 pm july 2, 2013 (Tuesday)

FOREX

PHISIX

US$1 = P43.33

6,448.18 points

21 cents

78.44 points

By BONG D. FABE, Correspondent

Need more funds

DAVAO City -- Davao region’s share in the annual national budget for its development programs is still insufficient. Former Davao City Mayor Sara Duterte and Regional Development Council (RDC) 11 chairperson for 2010 to 2013, in her final repor t said the council still sees the need to intensify the lobbying for increased budgetar y support for the region’s development programs. She repor ted that in fiscal year 2013 for instance, only 34 percent of the RDC 11-endorsed budget proposal was included in the General Appropriations Act (GAA) with Department of Health getting 20 percent, Department of Science and Technology (41 percent) and Department of Agriculture (66 percent).

OTING the threats the city is facing from a changing climate, local government executives yesterday vowed to pursue “green” policies and programs that will make a climate-resilient Cagayan de Oro. Local government officials, led by Mayor Oscar Moreno, however, admitted they don’t have

the expertise needed to make this “ambitious” program a reality, thus, they need the help of all sectors,

especially civil society organizations (CSOs) a nd non-government organizations (NGOs) that are cha mpioning climate cha nge mitigation and adaptation, and disaster risk reduction programs. “Programs on disaster mitigation must go together with programs that will make our communities resilient to the impacts of climate change Officials/PAGE 11

photo by rolando sudaria

More renewable energy projects eyed for M’nao By IRENE DOMINGO, Reporter

Nutrition month THE Department of Social Welfare and Development (DSWD) has declared that the health of 10,361 children in Northern Mindanao has “normalized,” the agency said in a statement. A year ago, the DSWD reported the children, who come from the five provinces of the region, to be “malnourished.” DSWD’s report revealed that in 2012 about 18.59 percent of the 94,829 children in Northern Mindanao were malnourished. The agency conducted a Supplementary Feeding Program (SFP) for children in Day Care Centers, in addition to their regular meals.

UY: We take it from ‘Sendong’.

Residents of Isla de Oro make their living quarrying the river bed of Cagayan de Oro River. The riverisland is among the hardest hit by Typhoon Sendong in December 2011 killing hundreds of people in this barangay alone. photo by gerry lee gorit

AboitizPower coal-fired plant’s environmental plan gets award ABOITIZPOWER’S concern for the environment and its community was recognized after its subsidiary Therma South Inc. was awarded with the first-ever Outstanding

Environmental Impact Assessment (EIA) at the Manila Hotel last June 21. The award for the 300-MW Therma South Energy project in

Davao was given by the Department of Env ironment a nd Natura l R e s ou rc e s - E nv i ron ment a l Management Bureau (DENRaward/PAGE 11

THE Mindanao Development Authority (MinDA) has pushed for the deployment of renewable energy projects to ensure power supply is enough to support economic activities in the region. “Ensuring sufficient and reliable power supply for Mindanao is particularly crucial to attract more investments to achieve broad-based growth and longterm sustainable development,” Romeo Montenegro, director for investment promotion and public affairs at MinDA, said in a statement. Montenegro said that despite a number of coal projects lined up for Mindanao, there is still a need to source power from reneweable energy projects-hydro, solar, wind, geothermal--to maintain an “ideal” balance of energy projects/PAGE 11

Power coops seek genset suppliers

ELECTRIC cooperatives in Mindanao are seeking suppliers of modular generation sets or gensets to improve the region’s power supply. In an invitation to bid, the Association of Mindanao Rural Electric Cooperatives genset/PAGE 11

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.